March 22, 2013

A report published Thursday in the Los Angeles Times estimated that U.K.-based Tesco has lost up to $2 billion in its failed Fresh & Easy California venture. Tesco had placed the troubled grocer on the sales bloc in December following the departure of Fresh & Easy CEO Tim Mason.

March 22, 2013

About $209.3 million worth of Target's debt has been put up for sale as the company moves to refinance $679 million worth of debt due between 2028 and 2031, the mass merchandise retailer said.

March 22, 2013

Among non-users of retail apps, 46% indicated they would be likely to download an app in the future, according to a recent online survey of more than 600 AccentHealth viewers. Similar to current reasons for usage, discounts and coupon access are likely to drive future app usage for as many as 77% of non-users.

March 22, 2013

TreatMyUTI.com is an online service founded by a group of physicians that offers online access to physician diagnosis and treatment of uncomplicated urinary tract infections with no office visit, exam or lab test required.

This is important because it speaks to a much larger trend within health care, and that’s the continued rise of telehealth-type services as patients and providers increasingly battle a crisis of access and affordability of health care.

March 22, 2013

Supervalu on Friday named several executives to the company's leadership team one day following the closing of its divestiture of five retail banners to AB Acquisition.

March 22, 2013

A drug made by Novo Nordisk for Type 2 diabetes produced a 6% loss of weight in a trial of the drug in obese patients, the company said.

March 22, 2013

Pepsi is bringing to market the first redesign of its 20-oz. bottles in 17 years, according to published reports.

March 22, 2013

Legislation to expand the use of telehealth technology under Medicare to reduce hospital re-admissions in rural and underserved communities has been re-introduced by Sen. John Thune, R-S.D., and Sen. Amy Klobuchar, D-Minn.

March 22, 2013

Sens. Bob Casey, D-Pa., and Lisa Murkowski, R-Ark., on Friday introduced the Preventing Abuse of Cough Treatments Act of 2013, which would require retailers to restrict the sale of dextromethorphan-containing products to adults.

March 22, 2013

Culturally competent coaching may be effective in reducing the risk of coronary artery disease among South Asian patients, according to a new study presented as a poster at an American Heart Association conference taking place in New Orleans.

March 22, 2013

Walgreens opened its latest New York flagship store in the Empire State Building on Saturday morning, the retail pharmacy chain said.

March 22, 2013

Walgreens and Alliance Boots entered into a 10-year contract with wholesaler AmerisourceBergen on sourcing pharmaceuticals last week. But that's not all. Besides the long-term contract, Walgreens and Alliance Boots will have the option on a potential 23% equity stake in ABC in three years.

The deal takes pharmaceutical buying leverage to the stratosphere and changes the face of more than one health service industry. As Adam Fein, president of Pembroke Consulting, noted in a live television interview on Fox Business' "Money With Melissa Francis": "Three of the largest companies in the pharmaceutical industry have come together and built the single largest buyer of prescription drugs in the world," he said.

March 21, 2013

Royal Ahold expects its deal to sell its share of the European supermarket chain ICA to Hakon Invest to be completed next Wednesday, the Dutch supermarket operator said.

March 21, 2013

Alcon has launched a mobile website designed to facilitate dialogue between patients and pharmacists about eye and ear treatments, the company said.

March 21, 2013

To help raise awareness of senior hunger in Rhode Island, CVS Caremark VP workforce strategies and chief diversity officer David Casey teamed up this week with U.S. Sen. Jack Reed and Meals on Wheels of Rhode Island executive director Heather Amaral to deliver hot meals to homebound seniors in Cranston.

March 21, 2013

The Food and Drug Administration advised consumers not to purchase or use three separate sexual enhancement products that are being promoted as dietary supplements because they contain undeclared and unapproved prescription-only ingredients.

March 21, 2013

A compounding pharmacy in Georgia is recalling all of its sterile products following a Food and Drug Administration investigation that found possible lack of proper sanitation procedures, the FDA said.

March 21, 2013

Like all of the brand's products, AppleGrape is made with 100% fruit, featuring a blend of apples, grapes and no artificial additives.

March 21, 2013

A recent Wall Street Journal article, “10 Things Drugstores Won’t Tell You,” has caught the attention of National Association of Chain Drug Stores president and CEO Steve Anderson, who responded to the article by saying that it put sensational headlines and statements ahead of the facts, thus depicting pharmacies inaccurately.

March 21, 2013

The Network of Executive Women, whose mission is to attract, retain and advance women in the retail and consumer products industry through education, leadership and business development, has unveiled its "2012 Annual Report."

March 21, 2013

New Chapter voluntarily recalled a limited number of packages of its 90-count Probiotic Elderberry dietary supplement because it may contain an undeclared allergen - soy.

March 21, 2013

Starbucks today at the company's annual meeting of shareholders unveiled plans to expand its My Starbucks Rewards loyalty program to reward customers who purchase Starbucks-brand products in their local grocery stores.

March 21, 2013

Norovirus has emerged as the leading cause of gastroenteritis - inflammation of the stomach and intestines - in children younger than 5 years, according to a new study.

March 21, 2013

Lower levels of vitamin D may predispose smokers to developing tobacco-related cancer, according to research published last week by Clinical Chemistry, the journal of the American Association of Clinical Chemistry.